Indian Market Outlook:

The Key benchmark indices rose over 5 percent over the week led by Positive global sentiment from the US election, strong inflows from foreign institutional investors, robust macro-economic data as well as stable Q2 numbers from Indian companies helped Nifty50 climb above 12200 levels with ease. Nifty ended the week 5.34 percent higher at 12263 points while Sensex ended 5.75 percent higher at 41893 points. BSE Midcap index ended 3.36 percent higher, while the BSE Small cap index rose 2.22 percent, during the course of the week. Among sectors, buying seen in the bank, energy, IT and metal sectors, while FMCG and Pharma remained under pressure. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.13399 crore while the DIIs were the net sellers of Rs.6790 crore. Joe Biden has overtaken President Trump in Pennsylvania and in Georgia on the fourth day of the US election, telling supporters he is confident he will win the race. Going forward market seems to be quite happy about greater certainty about US policies in the coming days. However, it is a fact that the markets have moved up too fast in too short time, and this calls for focus on quality stocks and actively managed portfolios. The final outcome of the US election and the state of the pandemic are factors which are relevant to trade trajectory of the markets in the coming weeks. On Macro front Industrial Production (YoY) (Sep) and CPI (YoY) (Oct) is scheduled to release on November 12.

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Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month       1 Year
Gold 1,952.05 3.90 -3.75 11.95 28.10
Silver 25.70 8.39 -6.68 43.02 43.42
Platinum 896.80 5.87 -8.61 3.86 -3.81
USD/INR 73.97 -0.79 -1.40 -2.40 4.17
Crude 37.46 4.72 -9.12 59.07 -33.52

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Global Weekly Events

Date Region Event Description Forecast Previous
Nov 09,2020 CNY Chinese Composite PMI 54.5
Nov 12,2020 GBP GDP (QoQ) (Q3) 15.8% -19.8%
Nov 12,2020 INR CPI (YoY) (Oct) 7.28% 7.34%
Nov 12,2020 INR Industrial Production (YoY) (Sep) -2.7% -8.0%
Nov 12,2020 USD Crude Oil Inventories -7.998M
Nov 13,2020 INR WPI Inflation (YoY) 1.32%

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reverse Repo Rate 3.25% 3.25%
Bank Rate 4.25% 4.25%
 Reserve Ratio CRR 3% 3%
SLR 18.00% 18.00%
 Inflation Rate Wholesale Price Index 1.32% 0.16%
Consumer Price Index 7.34% 6.69%
 Trade Data Export ($ Million) 27580 22700
Import($ Million) 30310 29470
 Industry IIP -8% -10.4%

 

Domestic Indices Closing(6th November) Change %Change
BSE Sensex 41,893.06 2,278.99 5.75
Nifty 12,263.55 621.15 5.34
Mid Cap 15,404.76 500.14 3.36
Small Cap 15,218.01 329.93 2.22
Bank Nifty 26,798.95 2,898.05 12.13

 

Global Indices Closing(6th

November)

Change %Change
Dow Jones 28,323.40 1,821.80 6.87
Nasdaq 11,895.23 983.64 9.01
FTSE 5,910.02 332.75 5.97
Nikkei 24,325.23 1,348.10 5.87
Hang Seng 25,712.97 1,605.55 6.66
Shanghai Com 3,312.16 87.63 2.72

 

Net Inflow (Cr) FII DII
02-Nov-2020 740.61 -533.97
03-Nov-2020 2,274.40 -1,100.92
04-Nov-2020 146.22 -8.13
05-Nov-2020 5,368.31 -2,208.18
06-Nov-2020 4,869.87 -2,938.66
Total 13,399.41 -6,789.86

 

Top Gainers Closing Price Prev Close Chg (%)
Indusind Bank 738.65 585.70 26.11
SBI 219.20 189.25 15.83
Bajaj Finance 3780.75 3309.00  14.26
Bajaj Finserv 6286.45 5573.50  12.79
ICICI Bank 442.80 392.60  12.79

 

Top Losers Closing Price Prev Close Chg (%)
UPL 442.40 453.20 -6.81
Bharti Infratel 179.50 185.55  -3.26
Reliance Ind.        2029.15 2054.50 -1.23
Vedanta 94.75 95.75 -1.04
Maruti Suzuki 6907.60 6965.15 -0.83

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Economic News:

  • The Reserve Bank on Thursday came out with a Co-Lending Model scheme under which banks can provide loans along with NBFCs to priority sector borrowers based on a prior agreement. The CLM, which is an improvement over the co-origination of loan scheme announced by the RBI in September 2018, seeks to provide greater flexibility to the lending institutions, the Reserve Bank of India said in a release. Under the CLM, banks will be permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement, RBI said, adding that “the co-lending banks will take their share of the individual loans on a back-to-back basis in their books”.

 

  • High-frequency economic data improved in October, with several indicators now at or above pre-pandemic levels. Economists point to pent-up demand, a festive boost and lower new Covid-19 infections as reasons behind the spurt in the activity. Strong gains in the manufacturing and services PMI, GST collections and core industries are likely to have been led by a combination of festive and pent-up demand, despite fiscal expenditure being rather subdued through the pandemic, HSBC’s chief India economist Pranjul Bhandari said.

Industry News:

  • Bank credit grew by 5.06 per cent to Rs 103.39 lakh crore, while deposits rose by 10.12 per cent to Rs 142.92 lakh crore in the fortnight ended October 23, according to the RBI data. In the fortnight ended October 25, 2019, bank credit had stood at Rs 98.40 lakh crore, and the deposit was Rs 129.78 lakh crore. In the previous fortnight ended October 9, 2020, bank credit had risen by 5.66 per cent and deposits by 10.55 per cent. Non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month previous year, according to the data.

 

  • Domestic air travel demand continued on an upward trajectory in October, according to ICRA Ltd. The Indian aviation industry witnessed continued recovery in domestic passenger traffic in October with a sequential growth (over September) of around 33% to around 52 lakh passengers, ICRA said in a release on Friday.

Company News:

  • Zydus Cadila is expected to test its Covid vaccine candidate, ZyCoV-D, on about 30,000 people in the Phase-3 trials that it plans to start next month. The Ahmedabad-based company has completed dosing of Phase-2 on 1,000 participants and plans to submit data to India’s drug regulator this month. Preliminary results show that it is safe as no safety concerns have been observed so far, people in the know said.

 

  • ITC Ltd.’s quarterly profit fell led by lower sales of cigarettes. Net profit of the maker of Gold Flake cigarettes declined 20% year-on-year to Rs 3,232 crore in the quarter ended September, according to an exchange filing. That compares with the Rs 3,237-crore consensus estimate of analysts tracked by Bloomberg. Revenue rose 1% year-on-year to Rs 11,977 crore. Analysts had pegged the metric at Rs 11,133 crore. Operating profit stood at Rs 4,061 crore, down 11% from last year, while margin stood at 33.9% compared to 38.4% a year ago.

 

  • Cipla Ltd.’s quarterly profit rose as the drugmaker’s operating expenses fell and sales in the domestic market improved. Net profit rose 41% year-on-year to Rs 665 crore in the quarter ended September, according to an exchange filing. That compares with the Rs 585-crore consensus estimate of analysts tracked by Bloomberg. Revenue increased 14.6% over the last year to Rs 5,038 crore, against the Rs 4,670-crore forecast. Cipla’s India sales rose 17% year-on-year, with growth across prescription, trade generics and consumer health business.

Global News:

  • Democratic nominee Joe Biden overtook President Donald Trump in Pennsylvania, a state that offers all the Electoral College votes Biden would need to win. But the race remained in doubt as Trump and his supporters lodged unsupported charges of voter fraud there and in other states.

 

  • Chinese exports expanded faster than expected in October, providing support for the recovering economy and driving increasing demand for imports, which rose for a second straight month. Exports increased 11.4% in dollar terms in October from a year earlier, while imports gained 4.7%, the customs administration said Saturday.

(Source:Bloomberg Quint, Economic Times, BusinessToday, Business Standard, Financial Express,Investing, Moneycontrol, livemint)

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Forthcoming Corporate Actions

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
ASIANTILES 9-Nov-20 Dividend – Rs. – 0.70 AJANTPHARM 12-Nov-20 Buy Back of Shares
EMBASSY 9-Nov-20 Income Distribution RITES ASTRAL 12-Nov-20 Interim Dividend – Rs. – 1.00
INDIGRID 9-Nov-20 Income Distribution (InvIT) BALKRISIND 12-Nov-20 Interim Dividend – Rs. – 4.00
KHAICHEM 9-Nov-20 Interim Dividend – Rs. – 0.10 BSOFT 12-Nov-20 Interim Dividend – Rs. – 1.00
MASTEK 9-Nov-20 Interim Dividend – Rs. – 5.50 CHAMBLFERT 12-Nov-20 Interim Dividend – Rs. – 3.00
SHARDACROP 9-Nov-20 Interim Dividend – Rs. – 2.00 EMAMILTD 12-Nov-20 Interim Dividend – Rs. – 4.00
SRTRANSFIN 9-Nov-20 Interim Dividend – Rs. – 6.00 GEOJITFSL 12-Nov-20 Interim Dividend – Rs. – 1.50
DEEPENR 10-Nov-20 Spin Off KANSAINER 12-Nov-20 Interim Dividend – Rs. – 1.2500
GOPALA 10-Nov-20 Reduction of Capital MJCO 12-Nov-20 Buy Back of Shares
LAURUSLABS 10-Nov-20 Interim Dividend – Rs. – 0.80 NACLIND 12-Nov-20 Interim Dividend – Rs. – 0.10
NAVINFLUOR 10-Nov-20 Interim Dividend – Rs. – 5.00 NTPC 12-Nov-20 Buy Back of Shares
NEULANDLAB 10-Nov-20 Interim Dividend – Rs. – 2.00 PREMCO 12-Nov-20 Interim Dividend – Rs. – 2.00
ORIENTCQ 10-Nov-20 Interim Dividend – Rs. – 4.00 SUNDRMFAST 12-Nov-20 Interim Dividend – Rs. – 1.30
RAIN 10-Nov-20 Interim Dividend – Rs. – 1.00 THYROCARE 12-Nov-20 Interim Dividend – Rs. – 10.00
REGENCY 10-Nov-20 Bonus issue 1:1 IPCALAB 13-Nov-20 Interim Dividend
BUTTERFLY 11-Nov-20 Interim Dividend – Rs. – 1.50 PGHH 13-Nov-20 Final Dividend – Rs. – 105.00
DABUR 11-Nov-20 Interim Dividend – Rs. – 1.7500 PRINCEPIPE 13-Nov-20 Interim Dividend – Rs. – 1.50
SHRIRAMCIT 11-Nov-20 Interim Dividend – Rs. – 10.00 RECLTD 13-Nov-20 Interim Dividend – Rs. – 6.00
AJANTPHARM 12-Nov-20 Interim Dividend – Rs. – 9.50

Source:BSE, Elite wealth Research

Upcoming Board Meetings

Symbol Purpose BM Date Symbol Purpose BM Date
BALAJITELE Quarterly Results 9-Nov-20 TCIIND Quarterly Results 10-Nov-20
DELTACORP Quarterly Results 9-Nov-20 TTKPRESTIG Interim Dividend;Quarterly Results 10-Nov-20
EIDPARRY Quarterly Results 9-Nov-20 VMART Quarterly Results 10-Nov-20
EQUITASBNK Quarterly Results 9-Nov-20 WIMPLAST Quarterly Results 10-Nov-20
FLFL Quarterly Results 9-Nov-20 20MICRONS Quarterly Results 11-Nov-20
INDIAMART Audited Results 9-Nov-20 ASIANENE Quarterly Results 11-Nov-20
INSECTICID Interim Dividend;Quarterly Results 9-Nov-20 ASIANTILES Quarterly Results 11-Nov-20
ISGEC Quarterly Results 9-Nov-20 AUROPHARMA Interim Dividend;Quarterly Results 11-Nov-20
JINDALSAW Quarterly Results 9-Nov-20 BALPHARMA Quarterly Results 11-Nov-20
JKCEMENT Quarterly Results 9-Nov-20 BANSTEA Quarterly Results 11-Nov-20
L&TFH General 9-Nov-20 BCPL Half Yearly Results;General 11-Nov-20
MOREPENLAB Quarterly Results 9-Nov-20 BHAGYNAGAR Quarterly Results 11-Nov-20
MSTC Quarterly Results 9-Nov-20 BHARATFORG Quarterly Results 11-Nov-20
NCLIND Quarterly Results 9-Nov-20 BRIGADE Quarterly Results 11-Nov-20
NOCIL Quarterly Results 9-Nov-20 DHARSUGAR Quarterly Results 11-Nov-20
OIL Quarterly Results 9-Nov-20 EMMBI Quarterly Results 11-Nov-20
OIVL Quarterly Results 9-Nov-20 GALAXYSURF Quarterly Results 11-Nov-20
PARAGMILK Quarterly Results 9-Nov-20 GAMMNINFRA Quarterly Results 11-Nov-20
PCJEWELLER Quarterly Results 9-Nov-20 GODREJIND General;Quarterly Results 11-Nov-20
POLYPLEX Interim Dividend;Quarterly Results 9-Nov-20 HONDAPOWER Quarterly Results 11-Nov-20
PSPPROJECT General;Quarterly Results 9-Nov-20 IFCI Quarterly Results 11-Nov-20
PTC Quarterly Results 9-Nov-20 IGARASHI Quarterly Results 11-Nov-20
RENUKA Quarterly Results 9-Nov-20 IGL Quarterly Results 11-Nov-20
TRANSPEK Quarterly Results 9-Nov-20 IL&FSENGG Quarterly Results 11-Nov-20
TRIVENI Quarterly Results 9-Nov-20 INDOWIND Quarterly Results 11-Nov-20
UNIVCABLES Quarterly Results 9-Nov-20 IRCON Quarterly Results 11-Nov-20
ZUARI Quarterly Results 9-Nov-20 ITI Quarterly Results 11-Nov-20
AARTIIND Interim Dividend;Quarterly Results 10-Nov-20 LINDEINDIA Quarterly Results 11-Nov-20
ASTRON Quarterly Results 10-Nov-20 MAGADHSUGAR Results;Voluntary Delisting of Shares 11-Nov-20
AVADHSUGAR Results;Delisting of Shares 10-Nov-20 MIDHANI Quarterly Results 11-Nov-20
BATAINDIA Quarterly Results 10-Nov-20 MMTC Quarterly Results 11-Nov-20
BIRLACABLE Quarterly Results 10-Nov-20 MTNL Quarterly Results 11-Nov-20
BODALCHEM Quarterly Results 10-Nov-20 NATIONALUM Quarterly Results 11-Nov-20
CENTURYPLY General;Quarterly Results 10-Nov-20 NBCC Quarterly Results 11-Nov-20
CERA Quarterly Results 10-Nov-20 NFL Quarterly Results 11-Nov-20
CHALET Quarterly Results 10-Nov-20 NHPC Quarterly Results 11-Nov-20
COSMOFILMS Quarterly Results 10-Nov-20 NIACL General;Quarterly Results 11-Nov-20
DHARAMSI Quarterly Results 10-Nov-20 NICCOPAR Quarterly Results 11-Nov-20
DYNAMATECH Quarterly Results 10-Nov-20 ORGCOAT Quarterly Results 11-Nov-20
DYNAMICP Quarterly Results 10-Nov-20 ORIENTLTD Quarterly Results 11-Nov-20
ENDURANCE Quarterly Results 10-Nov-20 ORIENTPPR General;Quarterly Results 11-Nov-20
EXIDEIND Quarterly Results 10-Nov-20 PANACEABIO Quarterly Results 11-Nov-20
FCONSUMER Quarterly Results 10-Nov-20 PRESTIGE Quarterly Results 11-Nov-20
GAIL General;Quarterly Results 10-Nov-20 RELIGARE Quarterly Results 11-Nov-20
GILLETTE Quarterly Results 10-Nov-20 RELINFRA Quarterly Results 11-Nov-20
GRAVITA Quarterly Results 10-Nov-20 RUPA Quarterly Results 11-Nov-20
GRAVITY Quarterly Results 10-Nov-20 SHREECEM Quarterly Results 11-Nov-20
GREENPOWER Quarterly Results 10-Nov-20 SPICEJET Quarterly Results 11-Nov-20
GUJALKALI Quarterly Results 10-Nov-20 STARCEMENT Quarterly Results 11-Nov-20
HIL Quarterly Results 10-Nov-20 TCPLPACK Quarterly Results 11-Nov-20
HINDALCO Quarterly Results 10-Nov-20 UJJIVAN Quarterly Results 11-Nov-20
HINDCOPPER Quarterly Results 10-Nov-20 WABAG Quarterly Results 11-Nov-20
HINDMOTORS Quarterly Results 10-Nov-20 WEIZMANIND Quarterly Results 11-Nov-20
IDFC Quarterly Results 10-Nov-20 ANDHRACEMT Quarterly Results 12-Nov-20
IONEXCHANG Quarterly Results 10-Nov-20 BAJAJHIND Quarterly Results 12-Nov-20
ITDCEM Quarterly Results 10-Nov-20 BPLPHARMA Quarterly Results 12-Nov-20
KIRIINDUS Quarterly Results 10-Nov-20 EICHERMOT Quarterly Results 12-Nov-20
M&M Quarterly Results 10-Nov-20 ENGINERSIN Quarterly Results 12-Nov-20
MOTHERSUMI Quarterly Results 10-Nov-20 GRASIM Quarterly Results 12-Nov-20
NAUKRI Quarterly Results 10-Nov-20 INFIBEAM Quarterly Results 12-Nov-20
NCC Quarterly Results 10-Nov-20 IRB Quarterly Results 12-Nov-20
NDTV Quarterly Results 10-Nov-20 IRCTC Quarterly Results 12-Nov-20
NMDC Buy Back ;Quarterly Results 10-Nov-20 JINDALPOLY Quarterly Results 12-Nov-20
PANCHSHEEL Quarterly Results 10-Nov-20 KOHINOOR Quarterly Results 12-Nov-20
PGHH Quarterly Results 10-Nov-20 KOVAI Quarterly Results 12-Nov-20
PNBGILTS Interim Dividend;Quarterly Results 10-Nov-20 NATCOPHARM Interim Dividend;Quarterly Results 12-Nov-20
RAYMOND Quarterly Results 10-Nov-20 NDTV Quarterly Results 12-Nov-20
RCF Quarterly Results 10-Nov-20 PAGEIND Quarterly Results 12-Nov-20
RESONANCE Quarterly Results 10-Nov-20 SCHNEIDER General;Quarterly Results 12-Nov-20
RITES Quarterly Results 10-Nov-20 TIMKEN Quarterly Results 12-Nov-20
RUCHISOYA Quarterly Results 10-Nov-20 UFO Quarterly Results 12-Nov-20
SHREDIGCEM Quarterly Results 10-Nov-20 WATERBASE Quarterly Results 12-Nov-20
STCINDIA Results;Voluntary Delisting Shares 10-Nov-20 EQUITAS Quarterly Results 13-Nov-20
SUZLON Quarterly Results 10-Nov-20 EVEREADY Quarterly Results 13-Nov-20
SYMPHONY General;Quarterly Results 10-Nov-20 FRETAIL Quarterly Results 13-Nov-20
TATAPOWER General;Quarterly Results 10-Nov-20 HAL Quarterly Results 13-Nov-20

Source: BSE, Elite wealth Research

Major Economy Indicators

Major-Economy-Indicators

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Major-Economy-Indicators-3

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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